As from 1 August 2015, Argentina has in force a new Civil and Commercial Code enacted by Law Number 26,994 (Código Civil y Comercial de la Nación or CCCN) that repealed the former Civil Code and Commercial Code.

The Central Bank of Argentina issued Communiqué "A" 5981, effective as of June 3, 2016, which simplifies the procedure for payment of reinsurance premiums abroad, even for those payments whose approval was pending.

On September 11, 2012, Decree No. 1638/2012 (the "Decree") was published in the Official Gazette, providing a new regulation of Section 22 of the General Environment Law No. 25675 ("LGA," after its acronym in Spanish) on environmental insurance.

As part of the regulatory framework related to the reinsurance business in Argentina, regulated by Resolution No 35.615 of the Superintendency of Insurance of Argentina (Superintendencia de Seguros de la Nación - "SSN"), effective Resolution SSN No 36.332 establishes the minimum requirements to be fulfilled by insurance companies intending to apply for an exemption so as to be authorized to execute certain reinsurance agreements duly specified with foreign reinsurance companies performing operat

If deductibles agreed in liability insurance contracts for
public transportation vehicles may be enforced against the injured
third parties is a highly debated issue in Argentine
scholars' opinions and case law.

Since early this year the Argentinean Superintendence of Insurance (the "ASI") has been
preparing regulations, which took everyone by surprise, and which will change Argentinean
business for non-Argentinean reinsurers.

The Argentinean authorities recently fined an individual insured 8 times premium and an insurance intermediary 15 times premium for illegally transacting life insurance business with a non-authorized foreign life insurer.

Although all of the Latin American jurisdictions had notable regulatory and market developments in 2008, Argentina stands out as particularly significant given the size of the market involved and the fundamental nature of the developments seen there in the past year.